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United States Oil Fund
USO

166 hedge funds and large institutions have $460M invested in United States Oil Fund in 2024 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

121% more call options, than puts

Call options by funds: $1.45B | Put options by funds: $654M

2% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 43

7% less funds holding

Funds holding: 179 → 166 (-13)

34% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 32

40.84% less ownership

Funds ownership: 78.24% → 37.4% (-41%)

53% less capital invested

Capital invested by funds: $977M → $460M (-$516M)

Holders
166
Holders Change
-13
Holders Change %
-7.26%
% of All Funds
2.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
42
Reduced
43
Closed
32
Calls
$1.45B
Puts
$654M
Net Calls
+$794M
Net Calls Change
+$282M

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$43.8M
2
Morgan Stanley
Morgan Stanley
New York
+$33.5M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$18.5M
4
IAIM
International Assets Investment Management
Florida
+$10.6M
5
Bank of America
Bank of America
North Carolina
+$7.65M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$392M
2
Goldman Sachs
Goldman Sachs
New York
-$88.3M
3
Victory Capital Management
Victory Capital Management
Texas
-$28.4M
4
Citadel Advisors
Citadel Advisors
Florida
-$13.2M
5
Millennium Management
Millennium Management
New York
-$10.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
MML Investors Services
51
MML Investors Services
Massachusetts
$645K -$689K -9,172 -50%
Wells Fargo
52
Wells Fargo
California
$645K -$274K -3,644 -28%
WIP
53
WealthCare Investment Partners
Rhode Island
$634K -$5.11K -68 -0.8%
Mariner
54
Mariner
Kansas
$618K +$29.8K +397 +5%
Citigroup
55
Citigroup
New York
$603K +$124K +1,653 +24%
Envestnet Asset Management
56
Envestnet Asset Management
Illinois
$600K +$192K +2,555 +42%
TRCT
57
Tower Research Capital (TRC)
New York
$530K +$386K +5,139 +210%
NWMG
58
National Wealth Management Group
Ohio
$509K -$328K -4,376 -38%
KP
59
Keel Point
Alabama
$507K – – –
SWA
60
Stratos Wealth Advisors
Ohio
$491K – – –
IAN
61
Integrated Advisors Network
Texas
$485K – – –
Thrivent Financial for Lutherans
62
Thrivent Financial for Lutherans
Minnesota
$485K +$92K +1,225 +21%
SC
63
Solstein Capital
California
$446K – – –
HIS
64
Harvest Investment Services
Illinois
$441K +$474K +6,312 New
IAG
65
Investmark Advisory Group
Connecticut
$414K – – –
IP
66
Ignite Planners
California
$409K – – –
IAS
67
Insigneo Advisory Services
Florida
$405K – – –
WWP
68
WR Wealth Planners
Missouri
$395K – – –
BCMLT
69
Beacon Capital Management LLC (Tennessee)
Tennessee
$386K – – –
CWP
70
Capital Wealth Planning
Florida
$384K +$412K +5,488 New
ASN
71
Advisory Services Network
Georgia
$347K – – –
FFS
72
Founders Financial Securities
Maryland
$339K -$26.3K -350 -7%
FWM
73
Finer Wealth Management
Massachusetts
$321K -$14.8K -197 -4%
BCM
74
Bluefin Capital Management
New York
$315K +$338K +4,500 New
HighTower Advisors
75
HighTower Advisors
Illinois
$292K -$194K -2,585 -38%
1 2
3
4 5

USO Hedge Fund Activity: Q3 2024 in Review

166 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q3 2024, worth a combined $460M — down 53% from $977M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of USO and 21 opened new positions — a net loss of 11 holders — while 43 trimmed existing stakes and 42 added.

The largest buyer was UBS Group, adding an estimated $43.8M. The largest seller was Jane Street, cutting an estimated $392M.

  • 166 institutional investors held United States Oil Fund (USO) as of Q3 2024, down from 179 in Q2 2024.
  • Funds reported $460M of United States Oil Fund stock for Q3 2024, down 53% quarter-over-quarter.
  • 21 funds opened new United States Oil Fund positions in Q3 2024 and 32 closed out, a net change of -11 holders.
  • The largest United States Oil Fund buyer in Q3 2024 was UBS Group, an estimated $43.8M added.
  • The largest United States Oil Fund seller in Q3 2024 was Jane Street, an estimated $392M sold.

Based on aggregated 13F filings for Q3 2024.